Capital One Financial Brokers Cut Earnings Estimates for CRC

California Resources Co. (NYSE:CRC) – Analysts at Capital One Financial decreased their FY2025 EPS estimates for California Resources in a research note issued on Tuesday, January 14th. Capital One Financial analyst P. Johnston now expects that the oil and gas producer will post earnings of $3.47 per share for the year, down from their previous estimate of $3.62. Capital One Financial has a “Strong-Buy” rating on the stock. The consensus estimate for California Resources’ current full-year earnings is $3.66 per share. Capital One Financial also issued estimates for California Resources’ FY2026 earnings at $3.35 EPS.

California Resources (NYSE:CRC) last released its quarterly earnings results on Tuesday, November 5th. The oil and gas producer reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.62. California Resources had a return on equity of 12.16% and a net margin of 17.43%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $973.13 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. California Resources’s revenue for the quarter was up 194.1% on a year-over-year basis.

Other equities analysts have also issued reports about the stock. UBS Group initiated coverage on shares of California Resources in a research report on Wednesday, October 16th. They issued a “buy” rating and a $68.00 price target for the company. Jefferies Financial Group initiated coverage on shares of California Resources in a report on Thursday, October 24th. They issued a “buy” rating and a $64.00 target price for the company. JPMorgan Chase & Co. initiated coverage on California Resources in a report on Friday, December 20th. They set a “neutral” rating and a $63.00 price target on the stock. Truist Financial assumed coverage on California Resources in a research note on Monday, January 13th. They issued a “buy” rating and a $75.00 price objective for the company. Finally, Barclays lifted their target price on California Resources from $55.00 to $57.00 and gave the company an “equal weight” rating in a research note on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.25.

California Resources Trading Down 0.6 %

Shares of NYSE:CRC opened at $53.65 on Friday. The stock has a 50 day moving average of $54.75 and a 200 day moving average of $52.52. The company has a market cap of $4.90 billion, a PE ratio of 8.45, a price-to-earnings-growth ratio of 1.21 and a beta of 1.05. California Resources has a 12-month low of $43.09 and a 12-month high of $60.41. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32.

California Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend was Monday, December 2nd. California Resources’s payout ratio is 24.41%.

Insider Buying and Selling

In other California Resources news, EVP Omar Hayat sold 16,016 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $55.18, for a total transaction of $883,762.88. Following the transaction, the executive vice president now owns 30,940 shares in the company, valued at $1,707,269.20. The trade was a 34.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Noelle M. Repetti sold 8,770 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $55.75, for a total transaction of $488,927.50. Following the completion of the sale, the vice president now owns 8,531 shares of the company’s stock, valued at $475,603.25. This trade represents a 50.69 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Point72 Asset Management L.P. boosted its holdings in California Resources by 2,615.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 843,011 shares of the oil and gas producer’s stock valued at $44,865,000 after acquiring an additional 811,963 shares during the period. Samlyn Capital LLC bought a new position in shares of California Resources in the second quarter worth about $28,566,000. Weiss Asset Management LP purchased a new position in California Resources in the 3rd quarter worth about $28,043,000. State Street Corp lifted its holdings in California Resources by 5.1% during the 3rd quarter. State Street Corp now owns 3,449,988 shares of the oil and gas producer’s stock valued at $181,021,000 after buying an additional 168,278 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in California Resources by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,576,306 shares of the oil and gas producer’s stock valued at $190,328,000 after buying an additional 165,629 shares during the period. Institutional investors own 97.79% of the company’s stock.

California Resources Company Profile

California Resources Corporation operates as an independent oil and natural gas exploration and production, and carbon management company in the United States. The company explores, produces, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities.